Senior Underwriting Manager, Liberty Mutual Mobility Solutions
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Skills: Underwriting, People Management, Risk Assessment, Portfolio Management, Negotiation
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Senior Underwriting Manager, Liberty Mutual Mobility Solutions
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$98k–$359k/yr
Full-time
bachelor degree, postgraduate degree, professional certificate
Comprehensive Benefits, Workplace Flexibility, Professional Development Opportunities, Employee Resource Groups, Flexible Time Off
Posted 45d ago
~40 hrs/week
Responsibilities
Manage a team of underwriting professionals to maintain a profitable book of business within the sharing economy and new mobility sectors. Lead risk selection, portfolio management, and the development of senior underwriting talent while maintaining key broker relationships.
Requirements
Requires a bachelor's degree and at least 6 years of production underwriting experience, with a preference for an MBA or CPCU designation. Candidates should have previous people management experience and advanced knowledge of commercial fleet and P&C insurance.
Full job description
Description
With ride-hailing, on-demand delivery, and autonomous vehicles, options for transporting people and goods have never been so plentiful – or presented so many emerging risks. Drawing on Liberty’s vast commercial and personal lines expertise, Liberty Mutual Mobility Solutions (LMMS) represents an underwriting model that brings a full range of tailored solutions and nuanced pricing approaches to the sharing economy and new mobility marketplace. This dedicated practice combines creative commercial underwriting with actuarial, product development, client, and claims teams to deliver a robust insurance experience. Join our expanding underwriting team to foster change and innovation and partner with brokers and sharing economy and new mobility businesses to help this segment grow and thrive.
As an LMMS Underwriting Manager, you will manage a team of underwriting professionals responsible for renewing and pursuing opportunities to achieve a balanced, profitable, and quality book while protecting Company assets. In some cases, the accounts worked may be among the largest risk transfer opportunities or renewals in the company, with complex risk sharing structures and evolving coverage language. Responsibilities include risk assessment, coverage and pricing analysis, broker/partner communication and management, and industry thought leadership. This role requires strong analytical, communication, and negotiation skills in order to thrive in a dynamic and collaborative environment. You will develop and maintain effective business relationships with internal and external partners. You will apply an advanced level of expertise and judgment to evaluate scenarios, data, and recommendations prepared by underwriters, actuaries, and or cross-functional partners and provide guidance for risk selection and acceptance, coverage, and price for casualty business in select sharing economy and new mobility sectors.
Responsibilities:
Leadership: Responsible for the retention, acquisition, and development of senior level underwriting talent. Formally manage, guide, mentor, and coach underwriters in both technical and professional skills. Foster an environment conducive to innovation, continuous improvement and product development.
Risk Selection: Responsible for developing and implementing a strategy to better evaluate risk quality and further underwriters’ skillset in qualifying, selecting and assessing sharing economy and new mobility risks. In addition to managing staff, may also be responsible for underwriting complex accounts.
Agent/Broker Relationships: Establish and maintain high level of relationship management with key Agents and Brokers. Develop underwriters’ technical, negotiation, communication and general deal making skills.
Portfolio Management: Evaluate portfolio performance based on profitability metrics, evolving risk scenarios, outcome and volatility ranges, reinsurance, opportunity metrics, and industry trends. Define UW team execution strategy and oversee execution of continuously improving portfolio in alignment with team objectives. Be the lead custodial of capital for your team.
Quality Audit and Account Review: Collaborates with the LMMS SUO and the OOU to ensure files meet regulatory requirements and internal documentation standards. Coach underwriters to articulate thought process, decision making within both account reviews and file documentation.
Qualifications
Bachelor's degree or equivalent training plus at least 6 years of relevant and progressively more responsible production underwriting experience; MBA preferred; CPCU Designation preferred
Advanced knowledge of underwriting concepts, practices, procedures and techniques, including, but not limited to coverage issues, product lines, pricing, and competitive landscape. In particular, advanced knowledge of commercial fleet and HNOA auto underwriting and/or product management experience (or other related functions) preferred
Deep knowledge of the P&C industry, how to gather competitor/competitive intelligence, insurance product pricing, financial drivers of profitability; comprehensive understanding of legislative and Department of Insurance regulations
Minimum two years of previous people management / supervisor experience preferred; Prior management experience within the insurance industry preferred
Strategic thinker and hands-on contributor. Expert knowledge of all products, end-to-end, with passion for achieving results
Ability to effectively interact with brokers and internal departments
Strong verbal and written communications, and organizational skills
Strong negotiation, analytical and decision-making skills
Self-starter who will search for opportunities and challenges and then address them accordingly
Strong relationship, negotiation, influencing and persuasive skills
About Us
Pay Philosophy: The typical starting salary range for this role is determined by a number of factors including skills, experience, education, certifications and location. The full salary range for this role reflects the competitive labor market value for all employees in these positions across the national market and provides an opportunity to progress as employees grow and develop within the role. Some roles at Liberty Mutual have a corresponding compensation plan which may include commission and/or bonus earnings at rates that vary based on multiple factors set forth in the compensation plan for the role.
At Liberty Mutual, our goal is to create a workplace where everyone feels valued, supported, and can thrive. We build an environment that welcomes a wide range of perspectives and experiences, with inclusion embedded in every aspect of our culture and reflected in everyday interactions. This comes to life through comprehensive benefits, workplace flexibility, professional development opportunities, and a host of opportunities provided through our Employee Resource Groups. Each employee plays a role in creating our inclusive culture, which supports every individual to do their best work. Together, we cultivate a community where everyone can make a meaningful impact for our business, our customers, and the communities we serve.
We value your hard work, integrity and commitment to make things better, and we put people first by offering you benefits that support your life and well-being. To learn more about our benefit offerings please visit: https://www.libertymutualgroup.com/about-lm/careers/benefits
Liberty Mutual is an equal opportunity employer. We will not tolerate discrimination on the basis of race, color, national origin, sex, sexual orientation, gender identity, religion, age, disability, veteran's status, pregnancy, genetic information or on any basis prohibited by federal, state or local law.
At Liberty Mutual, we believe progress happens when people feel secure. For more than 110 years we have helped people and businesses embrace today and confidently pursue tomorrow by providing protection for the unexpected and delivering it with care.
A Fortune 100 company with more than 40,000 employees in 28 countries and economies, we are the ninth largest global property and casualty insurer and generate more than $50 billion in annual consolidated revenue.
We operate through three strategic business units: US Retail Markets, providing auto, home, renters and other personal and small commercial lines property and casualty insurance to individuals and small businesses countrywide; Global Risk Solutions, delivering a full range of comprehensive commercial and specialty insurance, reinsurance and surety solutions to mid-size and large businesses worldwide; and Liberty Mutual Investments, deploying more than $100 billion of long-term capital globally across its integrated platform to drive economic growth, power innovation and secure Liberty Mutual’s promises.
For more information, visit www.libertymutualinsurance.com.
Offices: 175 Berkeley Street, Boston, MA 02116, US · 7900 Windrose Ave, Plano, Texas 75024, US · Safeco Plaza, 1001 4th Avenue, #3800, Seattle, WA 98154, US · 14050 N 83rd Ave, 100, Peoria, Arizona 85381, US · 4229 W Lake Mary Blvd, 100, Lake Mary, Florida 32746, US
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